Lakes Votes To Reimburse Attorney For Work On Bonds

LAUDERDALE LAKES — The developers of Greenway Village have paid $50,000 to City Attorney James Brady, as the lawyer`s fee for handling $18.3 million in industrial revenue bonds.

According to a resolution approved 5-0 by council members Tuesday night, the money reimburses Brady and his firm for work in connection with the issuance of the bonds. Technically, the money was sent to the city. Tuesday night`s actions transferred the money from the city to Brady.

Greenway Village is an adult congregate living facility, to be built along Oakland Park Boulevard, about three blocks east of Florida`s Turnpike.

In December, council members agreed to lend the city`s name to the financing so the developers could sell low-interest bonds. Low interest bonds would mean Greenway Village could charge lower rents.

The city has no financial responsibility for the $18.3 million, although Brady said he could be financially responsible if the city would be found insolvent and if the city improperly sponsored the bonds.

In other action Tuesday night, Eastgate Homeowners Association President Willie Webb said he was angry because he had been snubbed at last month`s dedication ceremonies at the new Eastgate Park.

``I have never been so disappointed, so embarrassed and so humiliated at that park dedication,`` Webb told council members.

Webb said he played an important role in working with the community as part of the park preparations.